DAVAO CITY (MindaNews / 4 March) – The Bureau of Internal Revenue (BIR) is aiming to collect an increase on its collections by 30 percent this year following the region’s bustling economy.
Glen A. Geraldino, regional director of BIR XI, said Wednesday during a press conference at its office that they targeted to generate P16.1 billion by the end of the year, increasing from what they earned last year at P12.
4 billion.
“I am seeing optimism on that as the region has bustling economy.
Second, there is the recovery of the banana industry (from the onslaught of Typhoon Pablo), and third, there is good peace and order situation,” Geraldino said.
In 2013, BIR XI generated P10.94 billion.
At present, the region has 300,000 taxpayers.
Nelson M. Aspe, deputy commissioner under operation group of the bureau’s head office, said Davao Region ranked eighth in terms of collections last year. The first seven highest are Cebu, San Fernando in Pampanga, Caloocan, San Pablo, Manila, Quezon City and Makati.
Geraldino said they would intensify their “Oplan Kandado” program, which intends to crack down establishments that violate the tax code, so they could achieve their collection goal by the end of the year.
Throughout the country, Aspe said the bureau aimed to collect P1.703 trillion, which was slightly lower than its original target of P1.72 trillion. He said they expected a reduction of about P30 billion to P40 billion on its collections as there would be tax exemption on
bonuses.
